any emini russell 2000 traders out there? Lately (past year) it has been trending perfectly on the daily chart. It is a bit too messy to scalp during the day, but for those looking for smooth, long rides up and down, it looks great.
I trade the ER2 intraday. I usually take around 8 - 10 ticks per trade. The only thing that pisses me off is that sometimes it won't move at all unless the ES makes a big move.
I tried to trade it intraday without much success. I felt the risk-reward just wasn't for me. At times during the day, it does appear to have a mind all its own and, like my cat at home, will just sit when all kinds of things are going on around it. When I noticed this, I realized it simply nails the direction of the daily trend. Today has been one of the few days I have seen where there has been a good trade against the daily trend, but we had a huge gap up thanks to the GDP number.
this thing has a mind of its own hard to figure ... maybe I can look for when the russell buy programs hit ....
8-10 ticks per trade? ER2 moves this much in a few seconds sometimes... :eek: At least it seems like it....
I agree. I think I'll try to hold on to winners for a bit longer now, though 8-10 ticks is a good target for scalping.
It is interesting to trade. One weird problem, what you see on the chart is not what you get. I always seem to be at least 3 ticks off.....It is one of those things that is better to swing trade so that the 3 ticks do not matter so much. IMHO